Sean Michael Oconnor Sells 140,070 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 140,070 shares of StoneX Group stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $110.31, for a total transaction of $15,451,121.70. Following the completion of the transaction, the chairman directly owned 1,236,921 shares in the company, valued at approximately $136,444,755.51. This trade represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Michael Oconnor also recently made the following trade(s):

• On Tuesday, May 19th, Sean Michael Oconnor sold 72,140 shares of StoneX Group stock. The stock was sold at an average price of $109.94, for a total value of $7,931,071.60.
• On Monday, May 18th, Sean Michael Oconnor sold 87,790 shares of StoneX Group stock. The stock was sold at an average price of $111.46, for a total transaction of $9,785,073.40.

StoneX Group Stock Performance

Shares of NASDAQ SNEX traded down $1.43 during trading hours on Tuesday, hitting $109.37. 596,814 shares of the stock were exchanged, compared to its average volume of 650,382. The firm has a market capitalization of $8.67 billion, a P/E ratio of 19.54 and a beta of 0.64. StoneX Group Inc. has a one year low of $53.52 and a one year high of $125.42. The company’s 50 day moving average is $100.20 and its 200 day moving average is $102.52. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.47. The company had revenue of $826.40 million during the quarter, compared to analysts’ expectations of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. On average, research analysts expect that StoneX Group Inc. will post 6 EPS for the current year.

Institutional Trading of StoneX Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of StoneX Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after acquiring an additional 11,240 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in StoneX Group by 18.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after buying an additional 439,771 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of StoneX Group by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after acquiring an additional 704,493 shares during the last quarter. State Street Corp lifted its holdings in shares of StoneX Group by 0.3% during the fourth quarter. State Street Corp now owns 1,829,897 shares of the company’s stock valued at $174,078,000 after purchasing an additional 6,220 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of StoneX Group by 24.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock valued at $142,628,000 after purchasing an additional 294,203 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. William Blair restated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Jefferies Financial Group boosted their target price on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $122.00.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.